RE: Black Friday - Altcoins Off!

[mrcryptoman]

You better believe the federal reserve is the ones shorting these coins. They want you in the dollar. All the cash alternatives are being crushed right now along with the metals. The problem is they have unlimited funds and can keep this crap up for as long as they want. None of these charts are behaving like normal.

Comments

[haroldx]

i don't know if they manipulate... but you can gain profit on there manipulation.. .. it the same pattern weeks..if you can't beat them used them

[epsylon]

how?

[brosh]

The same way you'd earn money shorting a stock. If you "know" the value of something is going to drop - you short it.

Here's a hypothetical:

1. You borrow 5 ETH from your exchange.
2. You IMMEDIATELY sell that for $8. (So you currently have $8 in your pocket. Keep in mind you need to return 5 ETH to your exchange. )
3. You wait for the price of that ETH to drop, you purchase it back - at the lower price, of $4.
4. You return that 5 ETH to your exchange, and in the process have made $4.

[heh8me]

That sounds real confusing for the average person. Glad that someone can make that work, nice! BTC/LTC/ETH have adjust price the last three weekends straight.

[brosh]

Start @ 2 minutes and 26 seconds. This is the most simple example I've come across.

[gamerveda]

Considering that we're talking about a space that is less than $100B I highly doubt this is accurate.

A large part of the volume of trades is coming out of Japan, China, and Korea which can be observed on coinmarketcap. So if anyone is controlling price action its among that group with the big coins.

On the smaller coins it depends entirely on the coin and markets they're traded in and can be easily manipulated as a result.